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1. Introducion -- 2. Concepts and data -- 3. Sub-regional changes in employment structure -- 4. The changing distribution of industries -- 5. The contribution of industrial change to sub-regional growth -- 6. Conclusion.
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This note generalizes the value of life to incorporate the preferences for descendants of a dynastically altruistic decision-maker. It derives the value of progeny and shows how it depends on the Benthamite vs. Millian nature of dynastic altruism.
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